Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Harker Heights Title is generated by Realmo AI

    116 E Veterans Memorial Boulevard, Harker Heights, TX 76548

    View on Map
    Claim this Listing
    For Lease
    $1,300/Mo $13 SF/Yr (calc)

    COMMERCIAL - Harker Heights, TX

    Property size:
    1,187 SF
    Lot size:
    0.97 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    128
    Last Refresh:
    May 15 at 11:06 pm

    Property Features for 116 E Veterans Memorial Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B4
    Standard status
    Active
    APN
    63872
    Size
    1,187 SF
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Description
    KERN ACRES 2ND EXTENSION & REVISION, BLOCK 002, LOT 7-8, 19-20, PT 6, 9, 18, 21

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    BrickVeneer

    We can help!

    Listing Contact
    Fred Latham

    Listing agent Fred Latham License #0192864

    Listing office Rancier Realty 907 Root Ave, TX

    Listing date Jan 7, 2026

    MLS# 601267

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick Veneer Construction
    • Central Air Conditioning
    • Central Electric Heating
    • Public Water Source
    • Public Sewer
    • Tile Flooring

    Overview

    This retail space is located in Harker Heights, Texas. The property, zoned B4, offers 1187 square feet of space. The lot size is 0.9693 acres. The property is suitable for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harker Heights
    County
    Bell
    State
    Texas
    Longitude
    -97.662815
    Latitude
    31.088425

    Nearby Similar for Lease

    • $2,289/Mo
      1,371 SF

      Finished Office Suite in Harker Heights

      Professional office suite available for lease in Harker Heights.
      220 Commercial Drive, Harker Heights, TX 76548
      View Details
    • $1,957/Mo
      28,268 SF

      Harker Heights Office Space Available

      Multiple office suites available for lease in Harker Heights.
      100 W Central Texas Expressway, Harker Heights, TX 76548
      View Details
    • $3,234/Mo
      5,000 SF

      Harker Heights Commercial Office Space

      Office space with reception, break area, and private offices.
      1430 E FM 2410 Road, Harker Heights, TX 76548
      View Details
    • $1,168/Mo
      28,268 SF

      Office Suites For Lease

      Multiple office suites available for lease in Harker Heights.
      100 W Central Texas Expressway, Harker Heights, TX 76548
      View Details
    • $1,113/Mo
      28,268 SF

      Harker Heights Commercial Office Space

      Leased office space with utilities included and ample parking.
      100 W Central Texas Expressway, Harker Heights, TX 76548
      View Details
    • $775/Mo
      28,268 SF

      Harker Heights Office Suites Available

      Office suites for lease with utilities included in Harker Heights.
      100 W Central Texas Expressway, Harker Heights, TX 76548
      View Details
    • $2.00 SF/Yr
      5,732 SF

      Retail Space Near High School

      Retail spaces for lease near Harker Heights High School.
      1216 E FM 2410, Harker Heights, TX 76548
      View Details
    • $4,400/Mo
      3,150 SF

      Harker Heights Retail Space Available

      Retail space for lease in Harker Heights, Texas.
      116 E Veterans Memorial Boulevard, Harker Heights, TX 76548
      View Details
    • $1,350/Mo
      1,187 SF

      Retail Space in Harker Heights

      Retail space available for lease in Harker Heights, Texas.
      116 E Veterans Memorial Boulevard, Harker Heights, TX 76548
      View Details
    • $6,320/Mo
      11,981 SF

      Harker Heights Commercial Office Space

      Office space with multiple entries, kitchen, and ample parking.
      2025 Memory Lane, Harker Heights, TX 76548
      View Details
    • $1,957/Mo

      Office Suites Available For Rent

      Office suites for lease, utilities included, minimum two-year lease.
      100 W Central Texas Expy 311, Harker Heights, TX 76548
      View Details
    • $2,289/Mo
      1,371 SF

      Harker Heights Office Suite Available

      Professional office suite available in multi-tenant Harker Heights office center.
      220 Commercial Dr A, Harker Heights, TX 76548
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Harker Heights, Texas.
    Where is this retail space located?
    The property is located at 116 E Veterans Memorial Boulevard Harker Heights, TX.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: Brick Veneer Construction; Central Air Conditioning; Central Electric Heating
    (254) 702-4241
    We can help!
    Listing Contact
    Fred Latham
    Real Estate License ID: 0192864
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 E Veterans Memorial Boulevard, Harker Heights, TX 76548
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!